Reserve Bank of Australia

E11964

The Reserve Bank of Australia is the country’s independent central bank responsible for setting monetary policy, issuing currency, and maintaining financial system stability.

All labels observed (8)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf central bank
independent statutory authority
buildingName Reserve Bank of Australia Building
chairpersonTitle Governor of the Reserve Bank of Australia
chiefExecutiveTitle Governor
coinIssuingAuthority Royal Australian Mint
country Australia
currentGovernor Michele Bullock
currentGovernorStartDate 18 September 2023
dateFormed 1960
doesNotIssue Australian coins
establishedBy Reserve Bank Act 1959
governedBy Reserve Bank of Australia self-linksurface differs
surface form: Reserve Bank Board
hasBoard Payments System Board
Reserve Bank of Australia self-linksurface differs
surface form: Reserve Bank Board
headquartersAddress 65 Martin Place, Sydney
headquartersCountry Australia
headquartersLocation Sydney
headquartersState New South Wales
independenceType operational independence in monetary policy
inflationTargetRange 2–3% over the medium term
issuesBanknotes Australian banknotes
issuesCurrency Australian dollar
jurisdiction Australia
surface form: Commonwealth of Australia
legalMandate economic prosperity and welfare of the people of Australia
maintenance of full employment in Australia
stability of the currency of Australia
manages Australia’s foreign exchange reserves
monetaryPolicyFramework inflation targeting
monetaryPolicyInstrument cash rate target
ownership Australian government
surface form: Government of Australia
parentDepartment Treasury portfolio (Australian Government)
participatesIn foreign exchange market operations
predecessor Commonwealth Bank of Australia (central banking functions)
primaryFunction implementation of monetary policy
issuance of Australian banknotes
monetary policy formulation
oversight of the payments system
promotion of financial system stability
providesService banking services to official institutions
banking services to overseas central banks
banking services to the Australian Government
publishes Annual Report
Financial Stability Review
Statement on Monetary Policy
regionServed Australia
regulatoryRole clearing and settlement systems oversight
payments system regulation
reportsTo Parliament of Australia
supervises payments system participants

How these facts were elicited

Referenced by (64)

Full triples — surface form annotated when it differs from this entity's canonical label.

Governor of the Reserve Bank of Australia employer Reserve Bank of Australia
Governor of the Reserve Bank of Australia partOf Reserve Bank of Australia
RAM producesFor Reserve Bank of Australia
subject surface form: Royal Australian Mint
New Payments Platform settlementServiceProvider Reserve Bank of Australia
The Australian Financial System hasKeyInstitution Reserve Bank of Australia
subject surface form: Australian Financial System
The Australian Financial System hasRegulator Reserve Bank of Australia
subject surface form: Australian Financial System
The Australian Financial System monetaryAuthority Reserve Bank of Australia
subject surface form: Australian Financial System
RBA Annual Report publishedBy Reserve Bank of Australia
RBA Annual Report publisherAbbreviation Reserve Bank of Australia
this entity surface form: RBA